SOE Energomarket to sign agreement to open credit line only with Ukrgasbank

1 min read

State-owned enterprise (SOE) Energomarket will sign an agreement to open a credit line with a limit of UAH 700,000 only with Ukrgasbank. The company rejected proposals of Oschadbank (both based in Kyiv) to open credit lines with total limits of UAH 2.7 billion over the fact that the conditions of the proposal do not meet the conditions of the procurement tender.

According to explanations in the ProZorro e-procurement system, Oschadbank submitted not all required documents.

As reported, the cost of servicing of Ukrgasbank's credit line will be UAH 52.381 million.

The funds are traditionally raised to issue advance payments to electricity producers so that they were able to buy gas, coal or other fuel.

SOE Energomarket fulfils functions of the operator of the wholesale electricity market of Ukraine.